Saved Hel Following are transactions for Vitalo Company. Nov. 1 Accepteda $10,000, 180-day, 9% note...
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Saved Hel Following are transactions for Vitalo Company. Nov. 1 Accepteda $10,000, 180-day, 9% note from Kelly White in granting a time extension on her past-due acount receivable. Dec. 31 Adjusted the year-end accounts for the accrued interest earned on the White note. Apr. 30 White honored her note when presented for payment. Complete the table to calculate the interest amounts at December 31st and April 30th and use those calculated values to prepare your journal entries. (Do not round intermediate calculations. Use 360 days a year.) Complete this question by entering your answers in the tabs below. Interest General Journal Amounts Complete the table to calculate the interest amounts at December 31st and April 30th. January 1 November 1 Through Through Total Through April 30 December 31 Maturity 10,000 10.000 $ 10,000 S 9% Principal 9% Rate (%) 120/360 60/360 180/360 Time Total interest General Journal> Next> Prev of
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